Identify how scarcity influences choice.

Identify family wants and needs.

Identify choices to meet needs

Identify scarcity of resources within the family.

Identify classroom wants and needs.

Identify choice based on needs versus wants.

Identify scarcity of resources within the school community.

Identify community wants and needs.

Explain how choice has consequences.

Define scarcity and identify examples of resources, wants, and needs.

Identify needs and wants of people.

Identify examples of natural, human, and capital resources.

Explain what is given up when making a choice.

Identify scarcity of resources in a local community.

Recognize the difference between basic needs and wants.

Explain the role of producers in making goods and providing services.

Illustrate what individuals or organizations give up when making a choice.

Explain how limited resources and unlimited wants cause scarcity.

Explain ways in which people meet their basic needs and wants.

Demonstrate the use of human and capital resources in the production of a specific good.

Explain how people’s choices have different economic consequences.

Explain how limited resources and unlimited wants cause scarcity.

Compare ways that people meet their needs with how they meet their wants.

Describe how resources are combined to produce different goods and services

Define opportunity cost and describe the opportunity cost of personal choice.

Explain how limited resources and unlimited wants cause scarcity.

Compare decisions made because of limited resources and unlimited wants.

Describe how resources are combined to produce different goods and services.

Define opportunity cost and describe the opportunity cost of personal choice.

Explain how limited resources and unlimited wants cause scarcity.

Compare decisions made because of limited resources and unlimited wants.

Analyze the resources that are combined to create goods and services.

Compare choices to determine the best action.

Analyze how choices are made because of scarcity.

Identify the origin of resources and analyze the impact on the production of goods and services.

Analyze how unlimited wants and limited resources affect decision making.

Explain the opportunity cost associated with government policies.

Predict the long-term consequences of decisions made because of scarcity.

Evaluate the economic reasoning behind a choice.

Evaluate effective allocation of resources for the production of goods and services.

Analyze the opportunity cost of decisions made by individuals, businesses, communities, and nations.

Predict the long-term consequences of decisions made because of scarcity.

Evaluate the economic reasoning behind a choice.

Analyze how choices are made because of scarcity.

Analyze how conflict and cooperation among groups and organizations have impaced the control of limited resources in the United States.

Analyze how choices are made because of scarcity.

Analyze how conflict and cooperation among groups and organizations have impaced the control of limited resources in the world.

Identify goods and consumers.

Identify advertisements that encourage us to buy things.

Identify goods, consumers, and producers.

Identify advertisements that encourage us to buy things based on want rather than need.

Explain the role of money in determining price.

Identify the impact on a community when a business opens.

Identify goods, services, consumers, and producers in the local community.

Differentiate between markets and competition.

Define personal choice as related to buying an item.

Explain how demand for a consumer good impacts price.

Identify the impact on a community when a business closes.

Describe the role of financial institutions as related to consumers’ financial needs.

Identify goods, services, consumers, and producers in the local community.

Identify competing sellers in the local market.

Identify types of advertising designed to influence personal choice.

Define price and how prices vary for products.

Describe the effect of local businesses opening and closing.

Identify private economic institutions.

Explain how a product moves from production to consumption.

Determine how sellers compete with one another.

Differentiate between monetary and non-monetary incentives in advertising.

Explain the role of buyers and sellers in determining prices of products.

Explain why local businesses open and close.

Describe the role of a private economic institution in the local community.

Describe how goods and services are distributed.

Identify how pricing influences sellers and consumers.

Explain how advertising causes people to change their behavior in predictable ways.

Identify factors that cause changes in price.

Describe the impact of businesses opening and closing on Pennsylvania economy.

Compare and contrast types of private economic institutions.

Describe the interaction of consumers and producers of goods and services in the state and national economy.

Explain why and how market competition takes place.

Explain how advertising influences economic decisions.

Describe how prices influence both buyers and sellers and explain why prices may vary for similar products.

Explain the causes and effects of expansion and contraction of businesses.

Explain the influence of private economic institutions on the local and state economy.

Describe the interaction of consumers and producers of goods and services in the state and national economy.

Explain why and how market competition takes place.

Explain how advertising influences economic decisions.

Explain the effects that changes in price have on buyers and sellers.

Explain the causes and effects of expansion and contraction of businesses.

Explain the influence of private economic institutions on the local and state economy.

Describe the interaction of consumers and producers of goods and services in the state and national economy.

Identify positive and negative effects of market competition.

Explain how advertising influences economic decisions.

Explain the effects that changes in price have on buyers and sellers.

Compare the state of the current economy with the economy in a different time or place.

Analyze the functions of private economic institutions in the national economy.

Analyze the flow of goods and services in the national economy.

Explain how competition between buyers and sellers affects price.

Analyze how media affects economic decisions.

Explain the laws of supply and demand and how these affect the prices of goods and services.

Analyze the characteristics of economic expansion, recession, and depression.

Analyze the functions of private economic functions the national economy.

Evaluate the flow of goods and services in an international economy.

Analyze the effect of changes in the level of competition in different markets.

Predict and evaluate how media affects markets.

Predict how changes in supply and demand affect equilibrium price and quantity sold.

Evaluate the health of an economy (local, regional, national, global) using economic indicators.

Evaluate the impact of private economic institutions on the individual, the national and the international economy.

Analyze the flow of goods and services in the national economy.

Analyze how media affects economic decisions.

Analyze the characteristics of economic expansion, recession, and depression.

Analyze the flow of goods and services in the national economy.

Evaluate the impact of advertising and media on individual and group behavior throughout United States history.

Explain how the laws of supply and demand impacted individuals and groups behavior over time.

Analyze the impact of the business cycle on idividual and group behavior over time.

Analyze the characteristics of economic expansion, recession, and depression.

Analyze the impact of private economic institutions on individuals and groups over time.

Evaluate the flow of goods and services in an international economy.

Evaluate the impact of advertising and media on individual and group behavior throughout world history.

Explain how the laws of supply and demand impacted individuals and groups behavior over time.

Analyze the impact of the business cycle on idividual and group behavior over time.

Analyze the characteristics of economic expansion, recession, and depression.

Analyze the impact of private economic institutions on individuals and groups over time. Standards 8.4.9.C.)

Identify examples of goods and services.

Identify examples of goods and services provided by the private sector.

Define taxes and who pays them.

Identify goods and services provided by the government.

Identify examples of government involvement in local economic activities.

Explain how government responds to social needs by providing public goods and services.

Describe the impact of government involvement in state and national economic activities.

Describe the cost and benefits of government economic programs.

Describe factors that influence government’s economic decision making.

Examine government's role in providing public goods and services.

Describe the impact of government involvement in state and national economic activities.

Explain the cost and benefits of taxation.

Explain the impact of public goods and services on the local community and state.

Describe the impact of government involvement in state and national economic activities.

Explain the cost and benefits of taxation.

Assess the value of public goods and services.

Predict how changes to government involvement at the state and national levels may affect the economy.

Compare and contrast the effects of different taxation policies.

Analyze the process through which government provides public goods and services.

Examine how and why the government acts to regulate and stabilize the state and national economy.

Compare and contrast the taxation policies of the local, state, and national governments.

Evaluate the costs and benefits of government decisions to provide public goods and services.

Assess the government's role in regulating and stabilizing the state and national economy.

Evaluate the social, political, and economic costs/benefits of potential changes to taxation policies.

Evaluate the costs and benefits of government decisions to provide public goods and services.

Assess the government's role in regulating and stabilizing the state and national economy.

Evaluate the social, political, and economic costs/benefits of potential changes to taxation policies.

Analyze how conflict and cooperation among groups and organizations have impacted the growth and development of the U.S.

•  Ethnicity and Race
•  Working conditions
•  Immigration
•  Military conflict
•  Economic Stability

(Reference History Standards 8.3.9.D.)

Compare and contrast the taxation policies of the local, state, and national governments.

Analyze how conflict and cooperation among groups and organizations have influenced the history and development of the world.

• Ethnicity and Race
• Working conditions
• Immigration
• Military conflict
• Economic Stability

(Reference History Standards 8.3.9.D.)

Identify the specialized role performed by each member of the family.

Identify specialization of work in the community.

Identify local examples of specialization of work.

Identify products that come from many different countries.

Identify local examples of specialization and division of labor.

List and explain factors that promote specialization and division of labor.

Explain why people specialize in the production of goods and services and divide labor.

Explain the growth in international trade.

Explain how and where multinational corporations operate.

Explain why people specialize in the production of goods and services and divide labor.

Explain how trade affects standards of living.

Explain how multinational corporations contribute to economic interdependence.

Explain why people specialize in the production of goods and services and divide labor.

Analyze how changes in trade affect standards of living.

Explain how multinational corporations and other non-government organizations contribute to economic interdependence.

Explain how specialization contributes to economic interdependence on a national level.

Compare the standard of living in different times and places.

Explain the influence of multinational corporations and other non-government organizations.

Explain how specialization contributes to economic interdepence on a national and international level.

Explain how trade contributes to economic interdependence.

Explain the scope and influence of multinational corporations and other non-government organizations.

Evaluate the comparative advantage of nations in the production of goods and services.

Assess the growth and impact of international trade around the world.

Evaluate the impact of multinational corporations and other non-government organizations.

Explain how specialization contributes to economic interdepence on a national and international level.

Explain how specialization contributes to economic interdepence on a national and international level.

Compare the role groups and individuals played in the social, political, cultural, and economic development of the U.S. (Reference History Standards 8.3.9.A.)

Explain how specialization contributes to economic interdepence on a national and international level.

Explain how trade contributes to economic interdependence.

Compare the role groups and individuals played in the social, political, cultural, and economic development throughout world history. (Reference History Standards 8.3.9.A.)

Differentiate between work and play.

Identify individuals who volunteer in the community.

Identify individuals who work for wages in the community.

Identify different jobs and the purpose of each.

Identify businesses and their corresponding goods and service.

Identify ways to earn money.

Describe what tools (tangible assets) are necessary to complete a task.

Identify buyers and sellers (people) buy and sell things.

Explain how money earned by individuals is used to meet needs and wants.

Different how different job skills impact earnings.

Describe the roles of local businesses.

Describe money saving behaviors.

Describe the qualities that may be necessary to complete a task.

Explain the responsibilities of a business owner.

Identify how saving for a purchase occurs over time.

Explain why people work.

Identify different occupations.

Identify tangible and intangible assets.

Define saving and explain why people save.

Identify the requirements for different careers and occupations.

Compare different ways people save.

Describe how the availability of goods and services is made possible by the work of members of the society.

Differentiate the requirements for different careers and occupations.

Explain how positive and negative incentives affect individual choices.

Identify tangible and intangible assets.

Define entrepreneurship and its role in the local community.

Identify the costs and benefits of saving.

Describe how the availability of goods and services is made possible by the work of members of the society.

Explain the concept of labor productivity.

Explain how profits and losses serve as incentives.

Describe how people accumulate tangible and intangible assets.

Explain the role of the entrepreneur in Pennsylvania.

Identify the costs and benefits of saving.

Describe how people are compensated for their production of goods and services.

Describe the characteristics of productive workers.

Explain the relationship between risk and reward.

Describe how people accumulate tangible and financial assets through income, saving, and financial investment.

Explain the role of entrepreneurship in Pennsylvania.

Identify the costs and benefits of various financial tools available to savers.

Examine the compensation of workers who produce different goods and provide different services.

Compare the characteristics of productive workers with less productive workers.

Explain the organization of different types of businesses.

Compare the risks and rewards of specific business actions.

Identify wealth within and among political divisions in Pennsylvania.

Explain the role of entrepreneurship across the nation.

Identify the costs and benefits of various financial tools available to savers.

Define wages and explain how wages are determined in terms of supply and demand.

Describe how productivity is measured and identify ways in which a person can improve his or her productivity.

Identify and explain the characteristics of sole proprietorship, partnership, and corporation.

Analyze how risks influence business decision-making.

Define wealth and describe its distribution within and among the political divisions of the United States.

Examine leading entrepreneurs in Pennsylvania and the United States in terms of the risks they took and the rewards they received.

Compare and contrast the various financial tools available to savers.

Analyze the factors influencing wages.

Evaluate how changes in education, incentives, technology, and capital investment alter productivity.

Analyze the costs and benefits of organizing a business as a sole proprietorship, partnership, or corporation.

Analyze the role of profits and losses in the allocation of resources in a market economy.

Compare distribution of wealth across nations.

Assess the impact of entrepreneurs on the economy.

Analyze the risks and returns of various investments.

Compare the role groups and individuals played in the social, political, cultural, and economic development of the U.S. (Reference History Standards 8.3.9.A.)

Define wealth and describe its distribution within and among the political divisions of the United States.

Compare distribution of wealth across nations.